New Issue: RBC prices $1.28 million partially protected notes linked to index basket

By Angela McDaniels

Tacoma, Wash., June 29 - Royal Bank of Canada priced $1.28 million of 0% partially principal-protected notes due Dec. 31, 2015 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Nikkei 225 index with a 33.3334% weight, the S&P 500 index with a 33.3333% weight and the Dow Jones Euro Stoxx 50 index with a 33.3333% weight.

The payout at maturity will be par plus the basket return, subject to a minimum payout of 90% of par.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Partially principal-protected notes
Underlying indexes:	Nikkei 225 (33.3334% weight), S&P 500 (33.3333% weight) and Dow Jones Euro Stoxx 50 (33.3333% weight)
Amount:	$1,283,000
Maturity:	Dec. 31, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return, subject to floor of 90% of par
Initial index levels:	9,877.39 for Nikkei 225; 918.90 for S&P 500; 2,389.91 for Euro Stoxx 50
Pricing date:	June 26
Settlement date:	June 30
Underwriter:	RBC Capital Markets Corp.
Fees:	4%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.